Chemical Banking Corp. and Chase Manhattan Corp. have named managers for derivatives, emerging markets, and foreign exchange operations in anticipation of their merger, expected to be completed early next year.
This latest round of management appointments follows the trend of splitting key capital markets positions between Chase and Chemical personnel.
The appointments, made in an internal memorandum from William Harrison, who will become vice chairman after the merger, is expected to help merge the combined bank's efforts in securities and derivatives.
Officials at both Chase and Chemical declined to comment on the memorandum.
Andrew Feldman of Chase and Barbara Luttich of Chemical will report to Jeffrey Larsen, the Chemical executive who was previously named head of non-U.S. securities and structured and specialty derivatives worldwide for the new Chase. Mr. Feldman will focus on institutional investors in the United States, and Ms. Luttich will do the same for corporate customers.
Also reporting to Mr. Larsen will be Dexter Charles of Chase, who will oversee the bank's domestic derivatives trading. Chemical veteran Kevin Chattwell will run the bank's derivatives activities in Europe, and Jonathan Fox will do the same in Asia.
The memo also named product specialists who will report to Mr. Larsen. Alexander Mintcheff of Chase was named to run the commodities and commodity derivatives operations. Three Chemical executives were named to the other product areas. Thomas Sandlow will handle equity derivatives and Gregg Whittaker will handle credit derivatives in the United States. Daniel Smith will handle pension derivatives domestically.
Finally, Carl Batlin of Chemical was named to head derivatives research for the bank, and James C.F. MeVay of Chase will handle risk management advisory services.
The bank also named managers for its emerging markets and foreign exchange operations. Among those reporting to Daniel Canel and Jorge Jasson, who were co-heads of emerging markets operations in October, will be Barry Hoffner of Chemical and Brian Lazell of Chase, who were named co- heads of London-based emerging markets activities. Chase's Gustavo Dominguez, who was given responsibilities for derivatives, structured products, and arbitrage for the emerging markets group also will report to Mr. Canel and Mr. Jasson.
Under Don Wilson 3d, head of the bank's foreign exchange and generic derivatives activities, will be Thomas Hoppe and David Puth. Mr. Hoppe will handle foreign exchange and the interest rate management group in London, and Chemical's Mr. Puth will have that function in New York.
Fraser Partridge, will have similar responsibilities for the bank's operations in Singapore, Hong Kong, and Sydney, and will handle interest rate management in Tokyo. A fellow Chemical veteran, Yukuo Takahashi, will handle foreign exchange in Tokyo.